BMT Funding Rate — live across 7 venues
Compared across 7 supported venues · net of estimated fees · updated every few minutes
Live annualized BMT perpetual funding across all 7 venues Perpia tracks. Right now BMT funding is positive on 2 and negative on 5, ranging from +10.9% on Bybit to -74.5% on KuCoin — a spread of 85.4%. The widest delta-neutral trade is long KuCoin / short Bybit at 81.2% net APR.
BMT funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
BMT funding rate history
30d · 6h buckets · 7 venuesAnnualized funding, averaged into 6-hour buckets. The bold line is the mean across venues quoting in that bucket; the faint lines are individual venues. Mean over the window: -92.9%. A break in a line means no data was recorded for that stretch, not a zero rate.
BMT funding rate by venue
14 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Bybit↗ | +10.9% | 4h |
| Aster↗ | +10.9% | 1h |
| Gate.io↗ | -27.8% | 4h |
| MEXC↗ | -29.3% | 4h |
| Binance↗ | -29.9% | 4h |
| BingX↗ | -30.7% | 4h |
| KuCoin↗ | -74.5% | 4h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the KuCoin vs Bybit page.
BMT arbitrage — 30-day backtest
long KuCoin · short BybitOver the last 30 days, holding long KuCoin / short Bybit would have produced -42.8% APR — versus the 81.2% the live spread implies right now (equity $10,000 → $9,648). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.
Open full interactive backtest →BMT funding — FAQ
Is BMT funding positive right now?
BMT perpetual funding is positive on 2 of 7 venues Perpia tracks and negative on 5. The highest is +10.9% on Bybit; the lowest is -74.5% on KuCoin.
What is the best BMT funding arbitrage right now?
Go long KuCoin and short Bybit for about 81.2% net APR after fees — the widest delta-neutral BMT spread Perpia currently sees.
Which exchange has the highest BMT funding rate?
Bybit, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How BMT funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to BMT
Markets also quoted on both Bybit and KuCoin — the same two exchanges you would already have funded for the BMT trade.
See every spread between them on the Bybit vs KuCoin page.